ETH/USDT 4HOUR CHART UYPDATE
Hello friends, welcome to this ETH update from Crypto Sanders.
ETH/USDT Brief Update
Ethereum (ETH) is currently trading within a head and shoulders pattern on the 4-hour timeframe, as seen in the chart. Here are the key points:
ETH is showing a head and shoulders formation, which typically signals a potential bearish reversal.
Resistance and Support:
Around $3,950 to $4,000 (highlighted by the left and right shoulders).
Close to $3,640 (lower boundary of the pattern).
A breakout above the right shoulder (~$3,850) could lead to further gains.
A breakdown below the support level (~$3,640) would confirm the head and shoulders pattern, which signals a potential decline.
Monitor the $3,850 resistance level for signs of a breakout.
Keep an eye on a potential breakdown below $3,640 for bearish confirmation.
Stay tuned for further updates and analysis!
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
ETH/USDT Brief Update
Ethereum (ETH) is currently trading within a head and shoulders pattern on the 4-hour timeframe, as seen in the chart. Here are the key points:
ETH is showing a head and shoulders formation, which typically signals a potential bearish reversal.
Resistance and Support:
Around $3,950 to $4,000 (highlighted by the left and right shoulders).
Close to $3,640 (lower boundary of the pattern).
A breakout above the right shoulder (~$3,850) could lead to further gains.
A breakdown below the support level (~$3,640) would confirm the head and shoulders pattern, which signals a potential decline.
Monitor the $3,850 resistance level for signs of a breakout.
Keep an eye on a potential breakdown below $3,640 for bearish confirmation.
Stay tuned for further updates and analysis!
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.